Burke Mortgage offers a wide range of home loan options in Connecticut, including FHA, VA, reverse, and jumbo loans. Learn which one may be right for you.
Buying a home is one of life’s biggest financial decisions—and choosing the right mortgage can make all the difference. At Burke Mortgage, we believe there’s no such thing as a one-size-fits-all loan. That’s why we offer a wide variety of mortgage types to suit different financial situations, whether you’re a first-time homebuyer, a retiree, or refinancing your current loan.
Here’s a breakdown of the most popular loan options available through Burke Mortgage for Connecticut homebuyers and homeowners:
Conventional Mortgage Loans
These loans are not backed by the government and typically offer the best rates for borrowers with good credit.
- Fixed-rate loans: The interest rate stays the same over the life of the loan—great for long-term stability.
- Adjustable-rate mortgages (ARMs): Lower initial rates that adjust over time—ideal if you plan to move or refinance within a few years.
- Customizable mortgage insurance: Options that work with your down payment and financial plan.
FHA Loans – Federal Housing Administration
Perfect for first-time homebuyers or those with less-than-perfect credit.
- Low down payment options
- FHA 203(k) Loans: Combine purchase and renovation costs into a single loan—great for fixer-uppers.
- FHA Streamline Refinance: A simplified process for those with existing FHA loans.
- HUD REO Properties: Opportunities to buy government-owned foreclosures.
VA Loans – Veterans Affairs
Exclusive benefits for veterans and active-duty service members.
- No down payment required
- No private mortgage insurance (PMI)
- Refinance options available
USDA Loans
Designed for low-to-moderate-income buyers in eligible rural or suburban areas.
- Zero down payment
- Low mortgage insurance
- Flexible credit guidelines
Reverse Mortgages
If you’re 62 or older, a reverse mortgage allows you to turn your home equity into cash—without selling your home.
- Supplement your income
- Fund retirement or pay medical expenses
- Purchase a new home
Jumbo Loans
Need to finance a high-value property? Jumbo loans cover loan amounts above conforming limits.
- Available in fixed or adjustable rates
- Tailored for luxury homes or properties in high-cost areas
Specialty Loan Programs
- HomeReady® & Home Possible® Loans: Affordable loans for low-to-mid income borrowers.
- HomeStyle® Renovation Loans: Combine renovation costs with your mortgage.
- HARP 2.0 Loans: For those who owe more than their home’s value and want to refinance.
Not Sure What Loan is Right for You?
At Burke Mortgage, we take the guesswork out of the mortgage process. We don’t just offer loans—we offer guidance.
Our local Connecticut mortgage experts work with a variety of lenders to find a loan that fits your needs, not someone else’s template.
Ready to explore your mortgage options?
Contact Burke Mortgage today to speak with a local loan expert and get personalized recommendations.
Whether you’re buying your first home or refinancing your forever home, we’re here to help you move forward with confidence.